What is a Bank Reconciliation Statement?

Asked by Last Modified  

4 Answers

Follow 0
Answer

Please enter your answer

Apoorva Kulshreshtha

Finance Specialist

Bank Reconciliation Statement is a statement prepared to reconcile the balances of cash book maintained by the concern and pass book maintained by the bank at periodical intervals.
Comments
Dislike Bookmark

MBA(Finance)

BRS remove differences in cash book and pass book balance.
Comments
Dislike Bookmark

Home tutor as per your needs

BRS is prepared on a particular date to match the balances shown in the cash book and pass book. there may happen certain transactions of which either bank or the proprietor may not be aware and thus, causing mismatch between the balances of pass book and cash book.
Comments
Dislike Bookmark

BRS is a statement which is prepared for matching the difference between cash book and passbook.
Comments
Dislike Bookmark

View 2 more Answers

Related Questions

Is B.com after 12th science very difficult to cope up?
No, as per my experience, first semester b.com might be bit difficult in understanding concepts but if you concentrate on subjects you will be able to cope up easily.
Tushar
0 0
8
Which master’s degree is best to do after a B.Com in Germany?
Yes. Bachelors of commerce is accepted in Germany as a bachelors degree. you can apply for your masters in economics, finance, accounts, analysis, etc.
Deva
0 0
8
What is the difference between Cash & Cash Equivalent?
1. Cash means Paper money , coins , Money order etc But, Cash Equivalent means Highly Liquidable Securities 2. Cash has not any Time period . It is Demand Receipt But , Cash Equivalent Take some time...
Madhav
What to do to take online classes explain me clearly?
As a teacher the first step is to decide whether you want to go for pre recorded class or for online. In case of online, the requirement of good broadband (internet) connection is paramount. Students should...
Sai Ganesh Institute
What is charge for B.com tution in Vaishali nagar?
6000 per subject
Jayant

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Capital Expenditure v/s Revenue Expenditure
Capital Expenditure Revenue Expenditure It is incurred for acquiring Fixed Assets It is incurred for running productivity or earning capacity of business It results in increase the value...

Fr Prashanth Reddy

4 0
0
HRA: House Rent Allowance
What is HRA? HRA or House Rent Allowance is a component of salary provided by employer to his employee. If you receive HRA as part of your salary and you live in a rented accommodation, then you can claim...

Fr Prashanth Reddy

Financial Accounting
Accounting is the art of recording, classifying, summarising in a significant manner regarding money, transaction & events which are at least in part financial interpreting the result thereof. (AICPA...

Rajeshwari M.

3 0
0
Types of Ethical Hackers
This is the internet age! The more that we use the internet and technology, the more we are vulnerable to Hacking and Data theft, Ethical Hacking going to play the best role in this era There are mainly...

Raju K

1 0
1
Set-off And Carry Forward Of Business Losses
Set-off & Carry Forward Of Business Losses: Set-Off means adjustment of certain losses against the income under other sources in the same assessment year. Carrying Forward of unadjusted losses...
R

Ramasamy Ulaganathan

0 0
0

Recommended Articles

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

The Trend of E-learning and it’s Benefits

E-learning is not just about delivering lessons online. It has a much broader scope that goes beyond manual paper or PowerPoint Presentations. To understand the reach of E-learning and how the whole process works in developing the Educational system, we will discuss a few points here. Let us find out how this new learning...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

5 Engaging Activities For Children To Get...

Learning for every child starts from a very young age. While the formal methods include school curriculums and private lessons, the informal methods include dancing, music, drawing, and various fun-filling activities. Playing games and practising these types of activities helps the children get out of boredom and...

Read full article >

Find BCom Tuition near you
BCom Tuition in Delhi
BCom Tuition in Bangalore
BCom Tuition in Mumbai
BCom Tuition in Hyderabad
BCom Tuition in Chennai
BCom Tuition in Kolkata
BCom Tuition in Pune
BCom Tuition in Gurgaon
BCom Tuition in Noida
BCom Tuition in Ghaziabad

Looking for BCom Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you